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Post #64692 5
🚀 Bitcoin Stabilizes as US Core PCE Inflation Meets Expectations

US core PCE inflation for February was reported at 3% year-on-year and 0.4% month-on-month, aligning with market expectations and reducing uncertainty. According to NS3.AI, Bitcoin's price stabilized after previously reaching approximately $73,000. Investors are exercising caution regarding Federal Reserve rate-cut expectations for the year. Mohamed El-Erian emphasized that CPI data this week holds greater significance for markets than PCE, especially in light of fluctuating oil prices.

#Bitcoin #USInflation #CorePCE #Cryptocurrency #FederalReserve #Investing #MarketStability #BTC
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